700 Hennepin Ave, Minneapolis, MN, 55403-1808, US

700 Hennepin

Asset Description

RECEIVER-DRIVEN SALE

Property being marketed on Ten-X. See OM for auction link.

Experience Minneapolis’ bustling city center through the acquisition of the Stimson Building located at 700 Hennepin Avenue. This 31,255-square-foot property was once home to Seven Steakhouse, a high-class restaurant, lounge, nightclub, and rooftop bar. The now-vacant building includes several thousand square feet of rooftop space with marvelous views of Downtown Minneapolis. The roof features a lease for four billboards, providing a stable income stream for the investment.

Boasting an eclectic local culture that combines the best elements of Midwestern personality and metropolitan sophistication, Minneapolis has built a solid reputation as one of the region's most interesting and exciting cities. The Stimson Building is ideally positioned in the heart of Minneapolis’ downtown theatre district along Hennepin Avenue, the primary roadway serving the Central Business District. The immediate area is anchored by the Midwest’s top restaurants and sports venues, including The Capital Grille, Fogo de Chao, Target Center, Target Field, and U.S. Bank Stadium, all within walking distance of the Stimson Building. Traveling around the metropolitan is a breeze, with convenient highway accessibility and an expansive public transportation system. Interstate 394, the primary thoroughfare linking the Central Business District with the western suburbs, sits within a quarter-mile of the property. Interstate 94, which carries approximately 100,000 vehicles per day in the area, sits within a half-mile. With immediate access to the blue and green metro lines, there are so many destinations to choose from, including the lively downtown cityscape, the energy of the University of Minnesota Campus, the cuisine along University Avenue, and the history of the Capital City.

Don’t miss this rare opportunity to invest in an iconic Midwestern city with a quality asset ready for a new vision.

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Attributes

Building area gross

2,904 m²

Land area gross

0.21 ha

Year built

1916

Number of floors

Media

Investment Highlights

Discover an elite restaurant space with a high-end design and modern finishes, prominently located in the heart of Downtown Minneapolis.
Situated at the corner of a high-profile intersection, the Stimson Building benefits from exceptional exposure to vehicle and pedestrian traffic.
Take advantage of this iconic restaurant, lounge, and rooftop bar in a vibrant urban setting, offering infinite upside potential for a new owner.
Within 1 mile of the Minnesota Vikings, Twins, and Timberwolves home stadiums, the location provides a large customer base for businesses.
Neighborhood features a walk rating of 97, a transit rating of 83, and a bike rating of 89, beating some of the most famous Midwest neighborhoods.
Steps from the blue and green metro lines, the Stimson Building is easily accessible to residents and visitors traveling throughout the city.